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Trump wields ‘golden share' to halt U.S. Steel plant shutdown, WSJ reports
CNBC· 2025-09-20 22:14
U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, D.C., U.S., Sept. 19, 2025.The Trump administration stepped in to stop U.S. Steel from idling operations at its Granite City, Ill., plant, exercising new powers tied to the company's recent takeover, the Wall Street Journal reported.The steelmaker had informed nearly 800 workers that the plant would close in November, noting however that they would still be paid. But after Commerce Secretary Howard Lutnick warned CEO Dav ...